Orion Engineered Carbons (NYSE:OEC) Releases FY 2022 Earnings Guidance

Orion Engineered Carbons (NYSE:OECGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $2.00-$2.35 for the period, compared to the consensus EPS estimate of $2.09. The company issued revenue guidance of -.

A number of analysts recently commented on the company. Barclays decreased their price target on Orion Engineered Carbons from $17.00 to $16.00 in a research report on Tuesday, February 22nd. Zacks Investment Research raised Orion Engineered Carbons from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a research report on Thursday, May 12th. Finally, StockNews.com downgraded Orion Engineered Carbons from a buy rating to a hold rating in a research report on Tuesday, May 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $22.20.

Orion Engineered Carbons stock opened at $19.48 on Friday. Orion Engineered Carbons has a one year low of $14.05 and a one year high of $21.19. The business has a fifty day moving average price of $16.34 and a 200-day moving average price of $17.27. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.51 and a quick ratio of 1.00. The firm has a market capitalization of $1.18 billion, a P/E ratio of 8.25 and a beta of 1.64.

Orion Engineered Carbons (NYSE:OECGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $484.50 million for the quarter, compared to the consensus estimate of $433.84 million. Orion Engineered Carbons had a net margin of 8.60% and a return on equity of 33.42%. Orion Engineered Carbons’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Sell-side analysts expect that Orion Engineered Carbons will post 2.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 22nd will be paid a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, June 21st. Orion Engineered Carbons’s dividend payout ratio is 3.39%.

In other news, Director Kerry A. Galvin purchased 6,550 shares of the stock in a transaction on Monday, February 28th. The shares were acquired at an average price of $15.58 per share, for a total transaction of $102,049.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dan F. Smith purchased 13,000 shares of the stock in a transaction on Friday, March 4th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $195,910.00. The disclosure for this purchase can be found here. Insiders have purchased 24,550 shares of company stock valued at $383,109 in the last three months. 0.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Group LLC increased its holdings in shares of Orion Engineered Carbons by 40.5% in the first quarter. Renaissance Group LLC now owns 67,567 shares of the specialty chemicals company’s stock worth $1,079,000 after buying an additional 19,485 shares during the period. Sei Investments Co. increased its holdings in Orion Engineered Carbons by 5.8% during the 1st quarter. Sei Investments Co. now owns 63,814 shares of the specialty chemicals company’s stock valued at $1,020,000 after purchasing an additional 3,487 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Orion Engineered Carbons by 43.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 50,332 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 15,233 shares during the period. Deutsche Bank AG increased its holdings in Orion Engineered Carbons by 4.1% during the 4th quarter. Deutsche Bank AG now owns 42,842 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 1,668 shares during the period. Finally, Cruiser Capital Advisors LLC purchased a new position in Orion Engineered Carbons during the 1st quarter valued at about $399,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.

About Orion Engineered Carbons (Get Rating)

Orion Engineered Carbons SA, together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for polymers, coatings, and battery electrodes.

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Earnings History and Estimates for Orion Engineered Carbons (NYSE:OEC)

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